Is this book for me?
If you aspire to become a full-time forex trader, then this is the book for you. Even if your dream is perhaps more modest, and you simply want to have a second income trading the forex markets, then again, this book is for you.
What will I learn?
It has been written with one clear objective. To explain how and why the currency markets move in the way they do - the forces, the factors, and the manipulators. Many aspiring traders, simply do not realize that the forex market sits at the heart of the financial world, which when you think about it logically, is really common sense. After all, this is the biggest money market in the world, and if the financial markets are about one thing, they are about money. Making it, protecting it, or increasing the return. It’s no surprise, therefore, the forex market connects all the others. Put simply, the forex market is the ultimate barometer of risk.
How will it help me?
So how will this book help me to become a better forex trader? First, you will discover how changes in market sentiment in the primary markets of commodities, stocks, bonds, and equities, are then reflected in the currency markets. This is something which often surprises novice traders. After all, why look at a stock index, or the price of gold, or a bond market? The answer is very simple. It is in these markets that you will find all the clues and signals, which then reveal money flow. After all, the financial markets are all about risk. In other words, higher returns for higher risk, or lower returns for lower risk. It really is that simple. And yet, how many forex traders ever consider associated markets? The answer is very few. After reading the book, you will be one of those enlightened traders who truly understand money flow and risk, and your confidence as a trader will grow exponentially as a result. The next thing you will learn is that trading in one dimension or using one trading technique, is rather limiting. You have probably met people who trade, who then make a bold statement such as: ‘I only trade using the fundamentals’ or perhaps that ‘technical analysis is a self-fulfilling prophecy’.
Please do NOT buy this book if..
This is NOT another book explaining forex trading strategies. In fact, there are none at all, surprising given the book's length. If this is what you are looking for, please DO NOT buy this book.
But do if this is you.......
It has been written for two specific audiences. The first is the novice forex trader, for whom this is a new market. The second is the forex trader who has attempted to trade in foreign exchange, but struggled and has been left confused by the apparently random and chaotic behavior of this volatile market.
Whilst the forex market is a complex mix, it is not complicated, once you understand the people, their motives and the currencies themselves. Even those markets such as bonds, which few traders ever understand, are explained very simply. Equally important is the concept of change. Indeed you may have other books, written many years ago and explaining how the forex market works. As you will discover, the rulebook has been torn up. No longer is this a simple market of trending currency pairs. This all changed in 2007/2008, and with it, the forex world changed too.
And here are some more reasons....
Long gone are the days when currency pairs meandered their way higher and lower in long-term trends, driven by interest rate differentials. To take advantage, you need to understand the forces which now drive the markets. A Three Dimensional Approach To Forex Trading will empower you with knowledge. Knowledge and confidence go hand in hand. Confidence breeds success, and success breeds money, which will then flow from reading the book.